Top five automakers with increase in sales: Chrysler surprises everyone by taking the lead spot – Part 1

The US market overall is getting on its feet in a gradual fashion but there is one industry that is in the boom despite all odds, the automobile industry. The overall auto market showed some promising results this year with some of the major players gaining more profit and some new comers filling up their coffers.

Although it is understandable that companies like Toyota will not let any other player take their spots in the roster of top five car makers but this year’s sales boom let one company on the top of these giants. Now-Fiat-owned Chrysler is the top earning automobile company in the US, the most thriving auto market in the world since the advent of automobiles.

One interesting fact of the latest numbers released by Autodata, Inc. is the boost in sales of cars. The vehicle category surpassed the likes of SUVs, trucks and crossovers by miles. Mid-size sedans and hatchbacks are the best sellers of the, so far.

The European market is living through the misery of its own, thanks to the sovereign debt crisis, and the Asian market has always been the slowest in the world. Therefore, the best results these companies could show, in terms of sales, was in the US.

It is understandable that the likes of Toyota, Nissan and GM make the biggest profits in all market, let alone the US, but in terms of growth in sales Chrysler astonished every automobile expert. The  Detroit-based company showed a promising 149 percent sales as compared to the 2011 figures of the same period. Its growth rate was listed at 1.8 percentage points, which though is not so big but is a big jump from 4.6 to 6.4 in just one year. Therefore, in sales growth per annum, Chrysler took the lead from other companies.

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Posted by Usman Khalid on May 14 2012. Filed under Automobiles. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.